1|Page
FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE
FINAL EXAM LATEST 2025/ 2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| || VERIFIED EXAM!!!|| ||NEWEST
EXAM!!!||
The insurer and insured agree to a specific value of
insured item - Answer-Agreed Value Policies
Someone who has care, custody or control of another's
property - Answer-Bailee
Claim filed by policy holder against his _ - Answer-First
Party Claim
When a person who entrusts another with an object and it
results in injury to someone can be held liable for the
injury to someone. Can be held liable for the injury i.e.
Firearm or DWI - Answer-Negligent Entrustment
Hazard that results from a conscious decision made by an
insured to participate in a manner or behavior more likely
,2|Page
to result in a loss because they have insurance - Answer-
Moral Hazard
Used to provide temporary insurance coverage until an
insurance policy can be written - Answer-Binder
Required by lenders to guarantee that outstanding loans
against a job are paid upon completion - Answer-
Completion Bonds
The section of an insurance policy identifying the insured,
endorsements, coverages, limits, and premiums - Answer-
Declarations
Policyholder cannot transfer the policy to someone else
without written permission from their insurance company -
Answer-Assignment
An instance, behavior or environment that increases the
likelihood of a loss on an insured item - Answer-Hazard
Actual cause or source of an incidence of destruction,
injury, or loss - Answer-Peril
, 3|Page
An insurance company organized and domiciled outside
the US - Answer-Alien
When there is an unbroken chain of events between an
occurrence and a loss, then the loss is part of the original
occurrence - Answer-Proximate Cause
Is proximate cause of all subsequent damages - Answer-
Original Occurance
An individual who contracts with an adjusting firm as an
independent contractor and handles claims for the
insurance companies - Answer-Independent Adjuster
Action or practice of the insured party is permitted to
continue because any defense against a continuation of
said action or practice has been waived by the insurer -
Answer-Estoppel
Operate for profit, collect premiums, reserve a portion of
premiums to pay claims - Answer-Commercial Insurers
FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE
FINAL EXAM LATEST 2025/ 2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| || VERIFIED EXAM!!!|| ||NEWEST
EXAM!!!||
The insurer and insured agree to a specific value of
insured item - Answer-Agreed Value Policies
Someone who has care, custody or control of another's
property - Answer-Bailee
Claim filed by policy holder against his _ - Answer-First
Party Claim
When a person who entrusts another with an object and it
results in injury to someone can be held liable for the
injury to someone. Can be held liable for the injury i.e.
Firearm or DWI - Answer-Negligent Entrustment
Hazard that results from a conscious decision made by an
insured to participate in a manner or behavior more likely
,2|Page
to result in a loss because they have insurance - Answer-
Moral Hazard
Used to provide temporary insurance coverage until an
insurance policy can be written - Answer-Binder
Required by lenders to guarantee that outstanding loans
against a job are paid upon completion - Answer-
Completion Bonds
The section of an insurance policy identifying the insured,
endorsements, coverages, limits, and premiums - Answer-
Declarations
Policyholder cannot transfer the policy to someone else
without written permission from their insurance company -
Answer-Assignment
An instance, behavior or environment that increases the
likelihood of a loss on an insured item - Answer-Hazard
Actual cause or source of an incidence of destruction,
injury, or loss - Answer-Peril
, 3|Page
An insurance company organized and domiciled outside
the US - Answer-Alien
When there is an unbroken chain of events between an
occurrence and a loss, then the loss is part of the original
occurrence - Answer-Proximate Cause
Is proximate cause of all subsequent damages - Answer-
Original Occurance
An individual who contracts with an adjusting firm as an
independent contractor and handles claims for the
insurance companies - Answer-Independent Adjuster
Action or practice of the insured party is permitted to
continue because any defense against a continuation of
said action or practice has been waived by the insurer -
Answer-Estoppel
Operate for profit, collect premiums, reserve a portion of
premiums to pay claims - Answer-Commercial Insurers
